Cellnex's Net-Zero strategy is structured around seven key pillars: 1. Science-based reduction targets, 2. Energy transition, 3. Value chain engagement, 4. Circular economy practices, 5. Sustainable mobility, 6. Neutralisation of residual emissions, 7. Transparency and governance. The company plans to address residual emissions by financing high-quality carbon reduction and removal projects outside its value chain, aiming to foster positive impacts on ecosystems and local communities. Cellnex also aims to verify its Net-Zero target through the Science Based Targets initiative (SBTi). Key components of the reduction strategy include leveraging renewable energy through the purchase of Guarantees of Origin (GoOs) and expanding solar panel deployments.

The targets set by Cellnex demonstrate its commitment to reducing its environmental impact, as outlined in its business strategy. The commitment through the Science-Based Targets and the longer-term Net-Zero target involve a combination of approaches including reducing greenhouse gas (GHG) emissions, migrating energy procurement in favour of renewable and clean energy, and engaging with the supply chain. Cellnex will continue to measure and disclose its performance in relation to these objectives. Below is an overview of the most relevant climate-related metrics and targets:

• GHG emissions scopes 1, 2 and 3
• GHG intensity
• Science-based target follow-up
• Net-Zero
• Scope 1 offsetting
• Energy consumption
• Share of renewable electricity
• Suppliers Further information is available in the 2023 Environment and Climate Change Report.